The Greatest depression is coming, are you ready?

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S

Squigglylines

Active member
#1,901
Jul 10, 2024
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#1,901
Yep sounds about right from what I hear him saying. First a massive rise in inflation with the stock markets crashing world wide, then a great depression following it. To all those who weather it, it will be like back in the 1950's when gas was .20 a gallon and milk was .80 but you will be able to buy it in that day making 1.55 an hour. Save every penny you can and pay off everything you owe. If your a billionaire today you will more than quad-triple your buying power. If you can amass just 10,000 dollars across the next year you can buy a house for 3,500.00 and a new car for 1,500.00 and a six pack of cokes for .40. If your broke when the depression comes you will be just as broke as today. https://fiftiesweb.com/pop/prices-1950/
 
ZNP

ZNP

Well-known member
#1,912
Sep 14, 2020
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#1,912
The "good news" is if we do go into a recession in March you can still blame that on Biden. On the other hand if it were in June Trump would have to own it.
 
cv5

cv5

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Nov 20, 2018
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HeIsHere said:
And rather than admit they were ,they will defend their choices, based on propaganda and false promises, with more ferocity.

#Losing
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I wouldn't get too excited.
Large scale structural reforms take years to obtain positive results.
Tariffs need to ramp up first, then cessation of income tax.
Job reshoring will happen relatively quickly. A year or so and then BOOM.....large scale employment brough back to the USA.

Its very early.

Also, if they go ahead with this gold-backed UST idea, the rest of the world will suffer massive losses and sovereign defaults.

Trump is taking first mover advantage. Its definitely the way to go. Fight the war on your terms.
 
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